Hyman Charles D Sells 2,221 Shares of Caterpillar Inc. (NYSE:CAT)

Hyman Charles D cut its position in Caterpillar Inc. (NYSE:CAT) by 1.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 160,806 shares of the industrial products company’s stock after selling 2,221 shares during the period. Caterpillar comprises about 2.8% of Hyman Charles D’s portfolio, making the stock its 8th largest position. Hyman Charles D’s holdings in Caterpillar were worth $47,546,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Everpar Advisors LLC acquired a new stake in Caterpillar in the fourth quarter worth $681,000. Gryphon Financial Partners LLC raised its holdings in Caterpillar by 6.6% in the fourth quarter. Gryphon Financial Partners LLC now owns 1,496 shares of the industrial products company’s stock worth $420,000 after purchasing an additional 92 shares during the period. Moss Adams Wealth Advisors LLC raised its holdings in Caterpillar by 23.6% in the fourth quarter. Moss Adams Wealth Advisors LLC now owns 1,101 shares of the industrial products company’s stock worth $326,000 after purchasing an additional 210 shares during the period. Cherry Tree Wealth Management LLC raised its holdings in shares of Caterpillar by 12.7% during the fourth quarter. Cherry Tree Wealth Management LLC now owns 445 shares of the industrial products company’s stock worth $132,000 after acquiring an additional 50 shares during the period. Finally, Barlow Wealth Partners Inc. acquired a new stake in shares of Caterpillar during the fourth quarter worth $247,000. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CAT has been the topic of a number of research analyst reports. Oppenheimer restated a “market perform” rating on shares of Caterpillar in a report on Thursday, April 18th. Robert W. Baird raised their price objective on shares of Caterpillar from $210.00 to $257.00 and gave the stock an “underperform” rating in a report on Tuesday, February 6th. The Goldman Sachs Group raised their price objective on shares of Caterpillar from $357.00 to $408.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Stifel Nicolaus lowered shares of Caterpillar from a “buy” rating to a “hold” rating and raised their price objective for the stock from $293.00 to $350.00 in a report on Friday, April 26th. Finally, JPMorgan Chase & Co. raised their target price on shares of Caterpillar from $385.00 to $435.00 and gave the company an “overweight” rating in a research report on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $323.35.

Caterpillar Stock Performance

Shares of CAT stock traded down $0.51 during midday trading on Wednesday, hitting $344.49. 2,260,344 shares of the company were exchanged, compared to its average volume of 2,500,247. The firm has a market capitalization of $168.47 billion, a P/E ratio of 15.55, a PEG ratio of 1.44 and a beta of 1.19. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.83 and a current ratio of 1.35. The firm’s 50 day moving average price is $352.87 and its two-hundred day moving average price is $305.22. Caterpillar Inc. has a 52 week low of $205.60 and a 52 week high of $382.01.

Caterpillar (NYSE:CAT) last announced its earnings results on Thursday, April 25th. The industrial products company reported $5.60 EPS for the quarter, topping the consensus estimate of $5.12 by $0.48. The business had revenue of $15.80 billion during the quarter, compared to the consensus estimate of $16.07 billion. Caterpillar had a net margin of 16.79% and a return on equity of 58.61%. As a group, equities research analysts anticipate that Caterpillar Inc. will post 21.79 earnings per share for the current year.

Caterpillar Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Monday, April 22nd will be paid a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 1.51%. The ex-dividend date of this dividend is Friday, April 19th. Caterpillar’s dividend payout ratio (DPR) is 23.48%.

Insiders Place Their Bets

In other Caterpillar news, Director David Maclennan acquired 350 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was acquired at an average price of $323.37 per share, for a total transaction of $113,179.50. Following the purchase, the director now directly owns 5,238 shares of the company’s stock, valued at $1,693,812.06. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Caterpillar news, Director David Maclennan acquired 350 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was acquired at an average price of $323.37 per share, for a total transaction of $113,179.50. Following the purchase, the director now directly owns 5,238 shares of the company’s stock, valued at $1,693,812.06. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Anthony D. Fassino sold 4,575 shares of Caterpillar stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $329.80, for a total transaction of $1,508,835.00. Following the completion of the sale, the insider now owns 23,474 shares of the company’s stock, valued at approximately $7,741,725.20. The disclosure for this sale can be found here. Corporate insiders own 0.33% of the company’s stock.

Caterpillar Profile

Caterpillar Inc manufactures and sells construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives in worldwide. Its Construction Industries segment offers asphalt pavers, compactors, road reclaimers, forestry machines, cold planers, material handlers, track-type tractors, excavators, telehandlers, motor graders, and pipelayers; compact track, wheel, track-type, backhoe, and skid steer loaders; and related parts and tools.